2 EMA/SMA + RSI Strategy [Alorse] combines three configurable moving averages with a short-period Relative Strength Index filter. It plots fast, slow, and trend moving averages on the price chart. Long entries trigger when the fast moving average is above the
Strategy · Pine Script v4 · On the chart
RSI+EMA+ST
This strategy overlays a fast EMA, a slow EMA, and a Supertrend line on the price chart.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code40
Settings5inputs
LicenceCC0-1.0
Last update5 years ago13 Feb 2021
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
40 lines of Pine Script v4 from rsi-ema.pine, published under CC0-1.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
strategy("rsi+ema+st", overlay=true, default_qty_type=strategy.percent_of_equity,
default_qty_value=100, linktoseries=true, slippage=3, commission_type=strategy.commission.cash_per_order,
commission_value=30, initial_capital=10000)
rsiin = input(type=input.integer, defval=14)
fastmain = input(type=input.integer, defval=7)
slowmain = input(type=input.integer, defval=21)
rsi = rsi(close, rsiin)
fastma = ema(close, fastmain)
slowma = ema(close, slowmain)
mult = input(type=input.float, defval=3)
len = input(type=input.integer, defval=7)
[superTrend, dir] = supertrend(mult, len)
plot(series=fastma, title="fast", color=color.orange, linewidth=2)
plot(series=slowma, title="slow", color=color.black, linewidth=2)
plot(series=superTrend, title="st", color=dir<0 ? color.yellow : color.red, linewidth=2)
// plot(series=rsi, color=color.orange, linewidth=2)
// stopPer = input(5.0, title='Stop Loss %', type=input.float) / 100
if (year>2010)
if (rsi > 50 and fastma > slowma and dir < 0)
strategy.entry('long', long=true)
if (fastma < slowma)
strategy.close_all()
// if (strategy.position_size > 0)
// longStop = strategy.position_avg_price * (1 - stopPer)
// strategy.exit('long exit', 'long', stop=longStop, trail_price=strategy.position_avg_price+5)
if (year==2021 and month==2 and dayofmonth==11)
strategy.close_all()
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © udayadds
Overview
RSI+EMA+ST opens a long when RSI is above 50, the fast EMA is above the slow EMA, and Supertrend direction is bullish, and only after 2010. It closes all positions when the fast EMA drops below the slow EMA, and it also forces a close on 11 February 2021. Size defaults to full equity. The stop-loss exit is commented out, so none is active. Inputs change RSI length, both EMA lengths, and the Supertrend multiplier and length.
- RSI above 50 long filter
- Fast and slow EMA comparison
- Supertrend direction filter
- Full equity position size
- Close when fast EMA is below slow EMA
Details
Published by
sawantuday on GitHub
Code credit
udayadds, as written in the script's header
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| rsiin | int | 14 | rsiin |
| fastmain | int | 7 | fastmain |
| slowmain | int | 21 | slowmain |
| mult | float | 3 | mult |
| len | int | 7 | len |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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